Free money sounds too good to be true. If you’re a fan of online gaming, you’ve probably seen the advertisements at some point screaming “Free Cash” or “No Deposit”. These kinds of free-money offers sound great but are they too good to be true?
Once you dig down into the terms and conditions of online casino no deposit bonuses, some definitely start to lose their luster. Hidden among them, however, are legitimate sources of free cash as well as opportunities to try out new casino games. So today, we’re going to take a look and help you determine how to separate the losers from the winners.
No deposit bonuses are exactly what they sound like. Online casino operators offer bonuses to players without them having to spend a penny. They may still require you to put in a credit card or banking information, but they won’t charge you for the bonus itself.
These are different from matching bonuses that require players to put money into an account and the casinos will match their deposit with a percentage.
Bonuses are always welcome but since no deposit bonuses are completely free, the downside is that they are typically only available for new players. As you can see from No Deposit Daily, these are some of the most generous offers out there and they’re constantly changing.
It’s always a good idea to look at the rules and regulations of any online offer — and this is especially true with online gambling and casino games.
If you’re looking to cash in on some free money and no deposit bonuses you need to be familiar with the term “wagering requirement”. This is one of the major terms and conditions that players need to be aware of when looking at no deposit bonuses.
Wagering requirements are set criteria that need to be met before any money can actually be paid out to the player. It doesn’t make sense for a casino to give $100 in credit if the player can immediately cash it out and walk away with $100, right?
Each casino will operate differently and there’s no industry standard for wagering requirements, so make sure you know what they are when choosing a casino or no deposit bonus. Some casinos have massive cash bonuses simply for signing up but the wagering requirements are astronomical, making it impossible to actually win anything. Always check the terms, because oftentimes, the smaller bonuses have more favorable terms.
For example, Casino A gives out $100, but they have a 10x wagering requirement. On that original $100 bonus, you will have to bet $1000 before any remainder can be paid out. Typically, casinos are hoping that an initial $100 won’t last through $1000 worth of betting.
There are several different types of no deposit bonuses. They all share a few set criteria. Players won’t have to spend any money to get them, and as we mentioned they’re typically only for new sign-ups. These bonuses typically are offered in two different ways.
The first type is the free spin bonus in the form of a promo code. Players will be given several spins for free on a slot machine. The number all depends on the casino itself and I’ve seen anywhere in the range of 10-100. Although the spins are free, there are still wagering requirements associated with the slot machines and players usually have to re-bet any money they’ve won until they’re met.
Lastly is everyone’s favorite: cold hard cash. It’s just as good as it sounds. Casinos will often credit new players with simple cash in their accounts. It’s the more versatile of the two and often preferred unless you’re specifically going to play slot games.
On top of wagering requirements, the other major thing to look out for is game restrictions. Just because a casino is giving you free money or spins, doesn’t mean they’re going to let it go easily.
No deposit bonuses usually have a restriction on what games they can be used for and how players can wager. No matter the bonus, check to see if there are any restrictions on games and how you bet, otherwise, you may find yourself with a load of credits for a game you don’t even want to play.
Not all online casinos are the same. There has been a lot of growth since the first casino went live and security and technology have fuelled the industry. Before signing up and putting your information into a website, you should make sure the software that the casino is using is reliable and secure.
Most major casinos will proudly display their software on the front page to ensure players are safe and can play with peace of mind. If you don’t know the casino’s software, you probably shouldn’t be playing there.
It’s all about the fine print, but once you know what you’re looking for, choosing the right no deposit bonus should be easy money and a fun way to spend your time.